Real Estate Investing in Dry Run, Ohio (45244)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45244 (Dry Run, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Dry Run, OH (45244)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45244 Dry Run
The 45244 ZIP in Dry Run, OH is a local-operator market. Outside capital chasing a $421K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 45244 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within OH, ZIP 45244 trails on several market indicators that neighboring Hamilton County submarkets outperform. The gap is real and notable enough to shape underwriting.
Who lives in 45244 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 45244 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Dry Run:
Property Strategy for 45244
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $198,777 | $1,370 | 5.0% | +9.1% | $99,389 |
| 3BR | $277,923 | $1,810 | 4.7% | +8.2% | $92,641 |
| 4BR | $540,487 | $2,000 | 2.7% | +8.1% | $135,122 |
| 5BR | $713,900 | — | — | +7.4% | $142,780 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45244 Compare?
| Metric | 45244 | Dry Run | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $421,299 | $421,299 | N/A | $237,530 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $1,698 | $1,698 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45244 (Dry Run, OH). Anonymous, moderated, never written by AI.
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Property managers serving Hamilton County
Manage rentals here? List your business →Associa RPM provides comprehensive HOA and condominium management services in the greater Columbus, Dublin, Cincinnati, and Dayton areas of Ohio. summary from their website
Gaslight Property offers apartments for rent in Clifton, near UC. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $421,299 |
| Monthly Rent | $1,698 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 45244
Population: 28,720
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 45244
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Terrace Park Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,366 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical renter like in Dry Run, OH?
Dry Run, OH offers a reliable renter base at the $1,698/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Dry Run, OH a friendly market for rental owners?
For rental operators, Dry Run, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How expensive is real estate in Dry Run, OH?
Median home price in Dry Run, OH is near $421K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
How much do tenants pay in Dry Run, OH?
Rent in Dry Run, OH is around $1,698/mo. The resulting rent-to-value relationship with $421K pricing is reasonable for most investor models.
Are there empty rentals in Dry Run, OH?
Dry Run, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
You know 45244 now. You don’t know where it ranks.
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How 45244 ranks in Cincinnati, OH-KY-IN
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